T-note Yields Fall

February 20, 1986

Yields on two-year Treasury notes fell to 8.02 percent in Wednesday`s auction, the lowest since December. The average yield was down from 8.17 percent at the last auction of two-year notes in January and was the lowest since 7.93 percent at a December auction. A total of $9.5 billion in securities was sold. The notes bear a coupon rate of 8 percent, with a $10,000 note selling for $9,996.40.